saatvik green energy limited IPO
IPO Overview
Saatvik green energy limited IPO is a Mainboard public issue offered through a Book Building issue with a total issue size of ₹900.20 Cr. The IPO price band is set at ₹442 to ₹465 per share, and retail investors can apply with a minimum investment of ₹14.9K as per IPO guidelines.
The Saatvik green energy limited IPO opens on 19 Sept 2025 and closes on 23 Sept 2025. The IPO allotment is expected to be finalized on 23 Sept 2025, and the equity shares are proposed to be listed on BSE, NSE on 25 Sept 2025.
Investors can refer to the Saatvik green energy limited IPO RHP-DRHP for detailed information. The issue is managed by Dam Capital Advisors Ltd.,Ambit Pvt.Ltd.,Motilal Oswal Investment Advisors Ltd. as the book running lead manager, while Kfin Technologies Limited is the registrar to the IPO. Before investing, market participants often review IPO details, valuation, PE ratio, financials, and risk factors.
About Company
The company offer a comprehensive portfolio of solar module products that are currently manufactured using technologies that help reduce energy loss and enhance overall efficiency..
The company commenced their manufacturing operations in 2016 and have over the years expanded the annual installed capacity, from 125 MW as of March 31, 2017 to about 3.80 GW as of June 30, 2025.
The company operates two module manufacturing facilities in Ambala, Haryana (together, the “Ambala Facilities”) spread across a total land area of 724,225 square feet.
Products:
Monocrystalline passive emitter and rear cell (“Mono PERC”) modules.
N-TopCon solar modules, both types are offered in mono-facial and bifacial options, suitable for various applications, including residential, commercial and utility-scale solar projects.
As of June 30, 2025, March 31, 2025, March 31, 2024 and March 31, 2023, the company had 618, 566, 270 and 138 full-time employees.
Competitive Strengths:
Quality Customer Base and Large Order Book
Among the Leading Module Manufacturing Companies in India Offering Integrated Solutions to Independent Power Producers
Innovative Technology Solutions for the Solar Industry
Multiple Sales and Revenue Channels
Well-Positioned to Capture Favourable Industry Tailwinds
Investment Objective
Investment in the wholly owned Subsidiary, Saatvik Solar Industries Private Limited, in the form of debt or equity for repayment/prepayment of borrowings, in full or in part, of all or a portion of certain outstanding borrowings availed by such Subsidiary
Investment in the wholly owned Subsidiary, Saatvik Solar Industries Private Limited, for setting up of a 4 GW solar PV module manufacturing facility at National Highway – 16, Chamakhandi, Gopalpur Industrial Park, Gopalpur, Ganjam – 761 020, Odisha. (“Project Site”)
General corporate purposes